The US continues to dump its Strategic Petroleum Reserve like there is no tomorrow.The government is now down to 33 days worth of oil supply at its current implied demand.That is one of its lowest levels in history. pic.twitter.com/IZ4XNoJl77— Otavio (Tavi) Costa (@TaviCosta) March 17, 2022
I suspect that means 33 days if it were being drawn from and not replenished, and if it were the sole source from which oil were being used. Remember this is an "emergency supply".
This is like the individual, "How long would you be able to survive on your savings if you were suddenly and unexpectedly unemployed?" but for the whole U.S., and oil rather than money.
I suspect that means 33 days if it were being drawn from and not replenished, and if it were the sole source from which oil were being used. Remember this is an "emergency supply".
This is like the individual, "How long would you be able to survive on your savings if you were suddenly and unexpectedly unemployed?" but for the whole U.S., and oil rather than money.